Venezuela, Palestine Sign Agreement on Diamond Production

© Sputnik / Yuri Somov  / Go to the mediabankBulk of cut diamonds. File photo
Bulk of cut diamonds. File photo - Sputnik International
Subscribe
BUENOS AIRES (Sputnik) – Venezuela and Palestine have concluded a strategic agreement on the production of diamonds, the live broadcast of the signing ceremony on Venezuelan President Nicolas Maduro’s Twitter account showed.

"Let us talk about the plan to produce diamonds. Venezuela has the largest diamond reserves in the world. We have oil, gold and diamonds. God supplies us … We are witnessing the signing of a big alliance between a Palestinian company and 154 small diamond production alliances, [operating] in the area of the Orinoco River," Maduro, who is seeking to restore the Venezuelan crisis-hit economy, said in his address to the companies in the Guayana region.

Nicolas Maduro - Sputnik International
Venezuela to Increase Oil, Gold Production in 2019 Amid Domestic Crisis - Maduro
The speech was followed by the deal signing.

READ MORE: France's Total Says Full Shutdown of Venezuelan Oil Production Unlikely

According to the Venezuelan official figures, 85 percent of diamonds, found in the country’s Bolivar state, especially in the area of the Orinoco River, were the highest quality diamonds that met various international standards.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала